The Toronto-based company earned C$18.3 million ($16.48 million), or 14 Canadian cents a share, in the fiscal third quarter ended Dec. 31. That compared with a year-before profit of C$10.3 million, or 8 Canadian cents per share.

Excluding certain items, the company earned 17 Canadian cents per share, it said. Analysts had expected a profit of 13 Canadian cents a share, excluding items, according to Thomson Reuters I/B/E/S.